https://www.taxtmi.com/acts?id=47250 For foreign companies engaged in civil construction, erection, testing or commissioning for turnkey power projects approved by the Central Government and financed under an international aid programme, a specified portion of amounts paid or payable to the company or any person on its behalf for those activities is deemed to be the profits and gains of the business and chargeable to tax under the head Profits and gains of business or profession. en-us Fri, 10 Jan 2025 12:05:53 +0530 Fri, 10 Jan 2025 12:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47250 For foreign companies engaged in civil construction, erection, testing or commissioning for turnkey power projects approved by the Central Government and financed under an international aid programme, a specified portion of amounts paid or payable to the company or any person on its behalf for those activities is deemed to be the profits and gains of the business and chargeable to tax under the head Profits and gains of business or profession. Act-Rules F. Acts / Amendment Acts Fri, 10 Jan 2025 12:05:53 +0530 https://www.taxtmi.com/acts?id=47250